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Taro Pharmaceutical Industries (FRA:TAL) Cyclically Adjusted Price-to-FCF : 7.45 (As of May. 21, 2024)


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What is Taro Pharmaceutical Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), Taro Pharmaceutical Industries's current share price is €38.80. Taro Pharmaceutical Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €5.21. Taro Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF for today is 7.45.

The historical rank and industry rank for Taro Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:TAL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.84   Med: 15.11   Max: 37.12
Current: 7.3

During the past years, Taro Pharmaceutical Industries's highest Cyclically Adjusted Price-to-FCF was 37.12. The lowest was 3.84. And the median was 15.11.

FRA:TAL's Cyclically Adjusted Price-to-FCF is ranked better than
93.29% of 328 companies
in the Drug Manufacturers industry
Industry Median: 33.51 vs FRA:TAL: 7.30

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Taro Pharmaceutical Industries's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €-0.087. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €5.21 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taro Pharmaceutical Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Taro Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Taro Pharmaceutical Industries Cyclically Adjusted Price-to-FCF Chart

Taro Pharmaceutical Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.54 8.34 9.94 6.49 3.84

Taro Pharmaceutical Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.60 3.84 6.09 6.16 7.21

Competitive Comparison of Taro Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF

For the Drug Manufacturers - Specialty & Generic subindustry, Taro Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Taro Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Taro Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Taro Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF falls into.



Taro Pharmaceutical Industries Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Taro Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=38.80/5.21
=7.45

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Taro Pharmaceutical Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Taro Pharmaceutical Industries's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.087/129.4194*129.4194
=-0.087

Current CPI (Dec. 2023) = 129.4194.

Taro Pharmaceutical Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.336 99.695 1.734
201406 0.511 100.560 0.658
201409 1.012 100.428 1.304
201412 1.764 99.070 2.304
201503 4.482 99.621 5.823
201506 1.370 100.684 1.761
201509 1.178 100.392 1.519
201512 2.229 99.792 2.891
201603 3.136 100.470 4.040
201606 0.982 101.688 1.250
201609 2.732 101.861 3.471
201612 2.793 101.863 3.549
201703 2.480 102.862 3.120
201706 1.452 103.349 1.818
201709 1.234 104.136 1.534
201712 1.710 104.011 2.128
201803 1.790 105.290 2.200
201806 1.664 106.317 2.026
201809 1.488 106.507 1.808
201812 2.224 105.998 2.715
201903 1.150 107.251 1.388
201906 1.713 108.070 2.051
201909 0.827 108.329 0.988
201912 2.149 108.420 2.565
202003 0.983 108.902 1.168
202006 1.367 108.767 1.627
202009 -2.576 109.815 -3.036
202012 0.807 109.897 0.950
202103 1.064 111.754 1.232
202106 0.880 114.631 0.994
202109 -1.221 115.734 -1.365
202112 -4.597 117.630 -5.058
202203 -1.469 121.301 -1.567
202206 -1.514 125.017 -1.567
202209 0.509 125.227 0.526
202212 0.125 125.222 0.129
202303 1.196 127.348 1.215
202306 0.023 128.729 0.023
202309 1.010 129.860 1.007
202312 -0.087 129.419 -0.087

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Taro Pharmaceutical Industries  (FRA:TAL) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Taro Pharmaceutical Industries Cyclically Adjusted Price-to-FCF Related Terms

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Taro Pharmaceutical Industries (FRA:TAL) Business Description

Traded in Other Exchanges
Address
14 Hakitor Street, P.O. Box 10347, Haifa Bay, Haifa, ISR, 2624761
Taro Pharmaceutical Industries Ltd produces, researches, develops, and markets pharmaceutical products. Its primary focus includes semi-solid formulations, such as creams and ointments, and other dosage forms such as liquids, capsules, and tablets. The company is engaged in the dermatological and topical, cardiovascular, neuropsychiatric, and anti-inflammatory therapeutic categories. Geographically, it derives a majority of its revenue from the United States and also has a presence in Canada, Israel, and Other Countries.

Taro Pharmaceutical Industries (FRA:TAL) Headlines

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